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AI Analysis of AMWD
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American Woodmark Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)

Buy or Hold candidate since May 01, 2024 Gain 1.52% PDF

The American Woodmark Corporation stock price gained 1.16% on the last trading day (Friday, 3rd May 2024), rising from $93.37 to $94.45. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.93% from a day low at $93.68 to a day high of $96.42. The price has risen in 7 of the last 10 days and is up by 4.71% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 67 thousand shares were bought and sold for approximately $6.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American Woodmark Corporation stock with a 90% probability to be traded between $90.41 and $102.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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AMWD Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Woodmark Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $96.32. On a fall, the stock will find some support from the short-term average at $93.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 with a target of $97.07. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for American Woodmark Corporation stock

American Woodmark Corporation finds support from accumulated volume at $94.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.75 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: $90.08 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (AMWD) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect American Woodmark Corporation to open at $94.85, and during the day (based on 14 day Average True Range), to move between $91.79 and $97.11, which gives a possible trading interval of +/-$2.66 (+/-2.81%) up or down from last closing price. If American Woodmark Corporation takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $94.43 (0.02%) than the resistance at $94.76 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Woodmark Corporation stock A Buy?

American Woodmark Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.565 Hold/Accumulate Downgraded

Predicted Opening Price for American Woodmark Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$94.85 ( 0.422%) $94.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AMWD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 97.59 3.33 %
R2 96.54 2.22 %
R1 95.90 1.53 %
Current price: 94.45
Support S1 93.80 -0.688 %
S2 93.15 -1.37 %
S3 92.10 -2.48 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 102.31 8.32 %
R2 98.00 3.76 %
R1 94.76 0.328 %
Current price 94.45
Support S1 94.43 -0.0212%
S2 93.04 -1.49%
S3 90.30 -4.39%

AMWD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 25, 2011 Jun 09, 2011 Jun 27, 2011 $0.0900 0.504%
2 Mar 02, 2011 Mar 10, 2011 Mar 28, 2011 $0.0900 0.441%
3 Nov 19, 2010 Dec 02, 2010 Dec 20, 2010 $0.0900 0.388%
4 Aug 27, 2010 Sep 09, 2010 Sep 27, 2010 $0.0900 0.518%
5 May 21, 2010 Jun 02, 2010 Jun 18, 2010 $0.0900 0.420%

FAQ

What is the symbol for American Woodmark Corporation Stock and on which exchange is it traded?
The symbol for American Woodmark Corporation is AMWD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Woodmark Corporation Stock?
American Woodmark Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy American Woodmark Corporation Stock?
American Woodmark Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy American Woodmark Corporation Stock.

What's the current price of American Woodmark Corporation Stock?
As of the end of day on the May 03, 2024, the price of an American Woodmark Corporation (AMWD) share was $94.45.

What is the 52-week high and low for American Woodmark Corporation Stock?
The 52-week high for American Woodmark Corporation Stock is $104.28 and the 52-week low is $48.53.

What is the market capitalization of American Woodmark Corporation Stock?
As of the May 03, 2024, the market capitalization of American Woodmark Corporation is 1.497B.

When is the next earnings date for American Woodmark Corporation?
The upcoming earnings date for American Woodmark Corporation is May 23, 2024.
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About American Woodmark Corporation

American Woodmark American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers. The company sells its products under the American Woodmark, Timber... AMWD Profile

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